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Speaker 1: This is a podcast from wor Back now to the

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Speaker 1: WR Saturday Morning Show with Larry MINTI.

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Speaker 2: Welcome back.

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Speaker 1: Now. When you think of classic cars, you probably think

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Speaker 1: of fifties fins or seventies muscle. Now you can add

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Speaker 1: Caddies and El Dorados from the eighties to that list.

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Speaker 1: The car Doctor, Ron and Naney. It is here to explain. Hey, Ron,

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Speaker 1: hope you had a good Thanksgiving.

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Speaker 3: We did. Larry, the same to you.

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Speaker 1: When people think about classic cars, they think about like

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Speaker 1: the cars they saw in the movie Dazed and Confused.

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Speaker 1: They're from the fifties, sixties, the muscle cars from the seventies,

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Speaker 1: America Graffiti. Yeah, exactly why are the eighties models now involved?

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Speaker 3: Well, you know they've officially become classics. They've aged into it.

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Speaker 3: They're like you and me, Larry, they're old.

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Speaker 2: Hey, speak to yourself.

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Speaker 3: Cars from the eighties or thirty five to forty years

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Speaker 3: old now, right, and we all have memories, you know. Natalie,

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Speaker 3: although I don't just hope for Natalie Saturn. We were

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Speaker 3: talking before the interview today. You know she wants to

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Speaker 3: know if her Saturn is ever going to become a classic.

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Speaker 4: It was in nineteen ninety two red and silver two

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Speaker 4: tone coop.

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Speaker 2: It was adorable.

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Speaker 3: Yeah, I'm sure you're looking to sell it.

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Speaker 2: What was that all about it? I don't know. It's

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Speaker 2: way gone.

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Speaker 4: I was wondering if I held on to it, it

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Speaker 4: wouldn't have been worth any money one day.

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Speaker 3: That wouldn't have been running by now, you know, as

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Speaker 3: I got out of that car, by the way, Like,

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Speaker 3: do you know, for example, what's a really hot car,

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Speaker 3: probably the number one hot car from the eighties, Larry,

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Speaker 3: that people are looking for to buy.

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Speaker 2: No, no, what do you.

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Speaker 3: Remember the eighty one aries K car? No, Leiah Coca.

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Speaker 3: If you can find a better car, buy it. When

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Speaker 3: Chrysler was making their big comeback when they went bankrupt

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Speaker 3: in the late seventies, and Leia Coca used to say,

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Speaker 3: the aries K car was a great car. That car

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Speaker 3: is so hot right now you can't find any.

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Speaker 2: Well why is that because it was less production of it?

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Speaker 3: Or well it's forty years ago and they all rusted away,

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Speaker 3: and now all of a sudden we want them. We didn't,

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Speaker 3: you know, we didn't. We didn't think any of this

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Speaker 3: stuff was going to be valuable. I've gotten called. I

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Speaker 3: got a call last week on the show, somebody wants

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Speaker 3: to go buy an eighty one Cadillac Fleetwood Brome with

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Speaker 3: the forty one hundred the HT forty one hundred engine.

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Speaker 3: Nobody remembers this, but that was the engine that General

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Speaker 3: Motors suffered so much abuse from because if the engine

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Speaker 3: lasted thirty thousand miles, it was extraordinary. The engines just

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Speaker 3: did not last. And you know, his case is concerned

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Speaker 3: was what I do if the engine fails. And here's

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Speaker 3: the beauty of an eighties car. The engine baser so big.

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Speaker 3: You can slide a modern day powertrain into that if

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Speaker 3: the engine failed and have the look of the eighties

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Speaker 3: with the reliability of a present day automobile. Isn't that crazy?

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Speaker 2: Hold on the look of the eighties?

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Speaker 4: That is, I mean, it's not like the cars in

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Speaker 4: the fifties that are so wild to look at, Andy,

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Speaker 4: they're beautiful and they're elegant. I don't know, the eighties

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Speaker 4: kind of were boxy and.

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Speaker 1: BUTU you grow into these things. I mean, were they

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Speaker 1: really that beautiful back then? I mean, I don't know.

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Speaker 3: Think about how big those cars were, think about think

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Speaker 3: about how sexy A two door El Dorado convertible nineteen

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Speaker 3: eighty two was wire wheels. I can see. I can

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Speaker 3: see the one my mother in law had, yellow with

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Speaker 3: the brown boot, black top. You go driving around. It

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Speaker 3: was just it was just a gorgeous, sexy car. And

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Speaker 3: those cars are making a comeback. They really are.

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Speaker 1: In the seventies, my dad bought one of those Cadillac Fleetwoods.

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Speaker 1: It was red convertible and at the time it was

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Speaker 1: the longest car ever made.

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Speaker 3: Yep, you couldn't get it into a garage breaking difficult. Well,

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Speaker 3: the last three feet would stick out of the garage.

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Speaker 3: I know people that owned them because yeah it was

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Speaker 3: and you'd cover it with a raincoat because you didn't

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Speaker 3: know what to do when you don't want your car

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Speaker 3: to get wet, and you were just goofy about it.

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Speaker 3: But these cars are making a comeback. El Dorado's, Riviera's

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Speaker 3: Lincoln town Car. Who didn't rent a Lincoln Town Car

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Speaker 3: to go on vacation in the eighties, right, big four

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Speaker 3: door tank, the Mustang, the Fox body Mustangs, iraq Z Camaros,

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Speaker 3: ringing any bells for those kids that were in high

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Speaker 3: school in the eighties, early Toyota Supers and the Aris

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Speaker 3: K car. The number one classic you know, car and demand,

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Speaker 3: and the reason is they're still affordable.

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Speaker 2: Well why body, Yeah, let's talk about that.

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Speaker 1: What are the prices as compared to some of the

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Speaker 1: other classic cars.

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Speaker 3: Well, you know, a nineteen seventy Chevell Big Block, anywhere

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Speaker 3: from seventy five to hundred thousand dollars to oh god,

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Speaker 3: the guy was going to buy this eighty one Cadillac

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Speaker 3: with the forty one hundred engine forty nine hundred bucks.

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Speaker 3: You know, how can you go wrong? If the body's

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Speaker 3: in good shape and the rest of the drive train

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Speaker 3: is there and the engine fails, stick another engine in it.

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Speaker 3: You've got a car for under fifteen grand. It's a classic,

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Speaker 3: It looks cool and you can kind of hang out.

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Speaker 3: They're taking them to car shows, Larry. That's the sign

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Speaker 3: that they're being accepted.

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Speaker 2: Have you seen this yourself?

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Speaker 1: That demand for these What are people coming to you

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Speaker 1: and asking for where they can go together?

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Speaker 3: They want to know can I still work on them?

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Speaker 3: Can I get parts? And that's the other thing. It's easier.

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Speaker 3: There's still a lot of parts out there for eighties cars,

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Speaker 3: certain models, there's still a lot of parts available. Because

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Speaker 3: that's a problem with a collectible. Look somebody wants to

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Speaker 3: restore a fifty five Chevrolet. Okay, you can buy a

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Speaker 3: fifty five Chevrolet brand new. There are companies out there

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Speaker 3: reproducing it from the frame on up.

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Speaker 2: Wow.

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Speaker 3: But an eighty one Cadillac, Yeah, not so much because

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Speaker 3: the demand isn't there yet. But there's still a lot

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Speaker 3: of OE original parts from GM in warehouses and back

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Speaker 3: alleys and basements that people never used. So it's still

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Speaker 3: relatively affordable and still relatively easy to get parts for

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Speaker 3: cars that aren't so easy to find. Part.

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Speaker 1: Now, you're saying all that as if they're not going

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Speaker 1: to be affordable soon. So you see the price on

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Speaker 1: these going up?

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Speaker 3: Yeah, I do an Once something hits a collectible, it's

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Speaker 3: kind of like the housing boom in New Jersey. As

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Speaker 3: soon as everybody wants one, nobody can get it, you know.

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Speaker 3: It's it's it's all tied to that, Larry.

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Speaker 1: So you're looking at early demand. You're like reading a

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Speaker 1: stock market. You're looking at early demand on these things

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Speaker 1: and realizing that they're a great investment right now.

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Speaker 3: Yeah, I think so. Well, I don't know if a

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Speaker 3: car is an investment per se, if I do it

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Speaker 3: over the stock market, but yeah, there are a couple

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Speaker 3: of cars. I take a gamble on. I think everybody's

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Speaker 3: gonna want. I think everybody's gonna want an eighty eight

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Speaker 3: Lincoln town Car. Listen, I purchased an O two Ford

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Speaker 3: Thunderbird little ahead, right, yeah. I purchased an O two

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Speaker 3: Ford Thunderbird two years ago. Now paid a couple of

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Speaker 3: grand for it. The car goes up in value every day.

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Speaker 3: It's going to be the next classic. If it isn't already.

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Speaker 3: There are just some cars out there that catch you

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Speaker 3: ride it. You know we're going to go in the

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Speaker 3: right direction.

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Speaker 1: I love the idea of investing in cars because you

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Speaker 1: can drive around on it, keep it nice, and then

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Speaker 1: you can resell it. And if you get something that's

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Speaker 1: going to be a classic, I mean, what how much

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Speaker 1: could they go up in value?

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Speaker 3: You can see some cars go anywhere from six to

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Speaker 3: eight percent. You can see some cars double I purchased

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Speaker 3: a seventy two Monty Carlo in twenty sixteen. I'll tell

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Speaker 3: you right here, I paid eight grand for the car.

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Speaker 3: That car today is selling all day long for between

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Speaker 3: twenty six and thirty grand.

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Speaker 1: Man, that's great advice, Ronananian. We'll be back with us

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Speaker 1: in two weeks at nine thirty five. With more investment helps.

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Speaker 1: It's investing with Ronananian. Thanks all right, thanks Ron.

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Speaker 2: This has been a podcast from Wi